The Canadian Real Estate Association says home sales in April posted their first year-over-year increase since December 2017.
The association says home sales last month were up 4.2 per cent compared with a year ago, when they hit a seven-year low for the month.
The improvement came as gains in Montreal and the Toronto region outweighed a decline in the B.C. Lower Mainland.The national average price for homes sold in April was $494,978, up 0.3 per cent from the same month in 2018. Excluding the Greater Vancouver and Greater Toronto Area, two of the country's most expensive markets, the average price was just over $391,000.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Toronto listings jump dramatically in AprilMarket conditions tighter, price increases may accelerate, real estate board says
Read more »
U.S. retail sales fall unexpectedly in April; March data revised upExcluding automobiles, gasoline, building materials and food services, retail sales were unchanged in April after an upwardly revised 1.1 per cent acceleration in March
Read more »
U.S. ends search for Japan's F-35 that crashed in AprilThe U.S Navy said Thursday it has suspended its search for a Japanese air force F-35A stealth fighter that crashed off Japan's coast last month, after the allies scrambled to locate the aircraft filled with military secrets.
Read more »
Pace of housing starts picked up in April: CMHCThe pace of housing starts in Canada beat expectations in April as they rose more than 20 per cent compared with March.
Read more »
Economy adds a record 106,500 jobs in April, unemployment rate dipsBREAKING NEWS: Economy adds a record 106,500 jobs in April, unemployment rate dips
Read more »
This is only the second time in 21 years that Canadian home prices have failed to rise in AprilThis is only the second time in 21 years that home prices have failed to rise in April
Read more »
Loonie up after record jobs report, stocks down amid U.S.-China trade talksThe Canadian dollar traded higher after Statistics Canada reported record job growth in April, while stocks came under pressure as the U.S. and China failed to reach a deal on trade before a tariff deadline today.
Read more »